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Conf  Pam  12mo  #60 


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[House  of  Representatives — Sf.cret  Session.] 

HOUSE  OF  LtEPR]  {.— Readfirst 

and  second  tin  •  rinted,   and  made 

special   oj 

|  l'\    Mi  )m  Special  Committee  on  Currency.] 


A.    BILL 

'I'o  be  entitled  an  Act  to  levy    additional   taxes  for  the   common  de- 
fence and  support  of  the  Government. 

1  Skction  1 .   T/ie  Congress  of  the  Confederate  States  of  America  do 

2  enact.  That,  in  addition  to  the  taxes  levied  by  the    "  Act  to   lay 

3  taxes  for  the  common  defense  and  to  carry  on  the  Government  of 
I     the  Confedera  3,"  approved  lere  shall 

.')  be  levied,  from  th  i  taxation. 

»i  hereafter  mentioned    and  collected  from  every  person,  co-partner- 

7  ahip,  associ  or  corporation,  liable  therefor,  4  follows, 

8  to  wit  : 

J)  I.   Upon  the   value   of  pi                real,   personal  and   mixed,  of 

III  every  kind  and  description,  not  hereinafter  exempted  or  taxed  at 

11  a  different  rate,  five  per  cent:   Provided,  That  from  this  tax  on  the 

12  viilue  of  property  employed  in  agriculture  shall  be  deducted,  the 

13  value  of  the  tax  in  kind  derived  therefrom,  as  assessed   under 


2 

14  the  law  imposing  it,  and  delivered  to  the  Gorernment,  but  this 

15  deduction  shall  not  reduce  the  tax  on  the  value  of  the  property 
1G  below  three  per  cent. 

17  II.  On  the  .  id   plate,  jewels, 

18  jewelry,  and  watches,  ten  per  cent. 

19  III.  The  value  of  property  taxed  under  this  section  shall  be 

20  assessed  on  the  basis  of  the  market  value  of  the  same  or  similar 

21  property    in    the    neighborhood    where    assessed,    in    the   year 

22  eighteen  hundred  and  sixty. 

1  Sec.  2.     I.  On  the  value  of  wheat,  flour,  corn,   rice,  sugar, 

3  molasses  or  syrup,   salt,  bacon,  pork,  hogs,   beef  or  beef  cattle. 

3  sheep,  oats,  hay,  fodder,  raw  hides,   leather,   woolen,  cotton  or 

4  mixed  cloths,  hats,  waggons,  harness,  coal,  iron,  steel   or  nails, 

5  held  or  owned  by  any  other  than  the  producer,  raiser,  grower  or 
G  manufacturer  and  not  being  necessary   and   intended  for  family 

7  use  or  consumption   during  the   year   1864,   twenty  per  cent. : 

8  Provided,  That  this  tax  shall  not  apply  to  property  acquired  and 

9  held  in  the   due   course   of  a  registered  business   and   for  sale 
in  therein. 

11  II    On  the  value  of  all  cotton,  tobacco  and  naval  stores,  twenty 

12  per  cent. 

13  III.  On  the  value  of  all  shares  or  interests  held  in  any  bank, 

14  banking  company  or  association,  canal  navigation,  importing  and 

15  porting,  insurance,  manufacturing,  telegraph,  express,  railroad 


16  and  dry  dock  companies,  and  all  other  joint  stock   companie 

17  every  kind,  whether  incorporated  or  not,  five  per  cent. 

18  IV.  The  value  of  property  taxed  under  this  section,   shall  be 
10  assessed,  upon  the  basis  of  the  market  value  of  such  pi 

80  the  neighborhood  where  assessed,   in  such   currency  as  may  be 

21  in  general  use  there,  in  the  purchase  and  sale  of  such   property, 

22  at  the  time  of  assessment. 

1  Sec.  3.     I.   Upon  the  amount  of  all  gold  and  silver  coin,  five 

2  per  cent.,  to  be  assessed  and  collected  in  kind. 

3  II.   Chi  the  amount  of  all  credits  of  value,  and  of  all  bank  bills, 

4  bonds  and  treasury  notes  of  the   Confederate  States,   and  of  all 

5  other  paper  used  as  currency,  five  per  cent. 

G  III.  On   the  aggregate   amount  of  all   debts,   exceeding  five 

7  hundred  dollars,  contracted  prior  to  the  first  of  January  eigtheen 

8  hundred  and  sixty-one,  and  paid  with  treasury  notes  or  bonds  of 
!)  the  Confederate  States  at  par,  between  the   1st  of  July,   1862, 

10  and  the  1st  of  April,  1863,  to  be  assessed  against  the  party  who 

1 1  so  owned  and  paid  such  debts,  ten  per  cent. 

12  IV.  On   the  aggregate   amount   of  all   debts  exceeding  five 

13  hundred  dollars,  contracted  prior  to  the   1st  of  January,  1861, 

14  and  paid  between  the  1st  of  April,  1863,  and  the  passage  of  this 

15  act,  to  be  assessed  against  the  party  who  so  owed  and  paid  such 

16  debts,  twenty  per  cent. 

1  Sec  4.  Upon  profits  made  in  trade  and  business,  as  follows  : 


2  I.  On  all  profits  made  by  buyiug  and  selling  Hour,  wheat,  corn, 

3  rice,  sugar,  molasses  or   syrup,  salt,  bacon,  pork,  nogs,  beef  or 
I  beef  cattle,  sheep,  o;;                 fodder.,  raw  hides,  leather,  woolen, 

5  cotton  or  mixed  cloths,  hai  .  iron,  steel  or 

6  nails,  at  any  time  between  the  1st  of  January,  1862,  and  the  1st 

7  of  May,  1864,  thirty-three  and  one-third  per  cent. 

8  II.  In  all  profits  made  by  buying  and  selling  any  merchandize, 

9  property,  or  effects  of  any  kind  not  enumerated  in  the  preceding 
Id  paragraph,  between  the  times  named  therein,  twenty  per  cent. 

11  III.  On  the  amount  of  profiits  exceeding  twenty-five  per  cent. 

12  made  daring  either  of  the   years  1862,  1803  and    1S64,  by  any 

I 

13  bank  or  banking  company,  insurance,  canal,  navigation,  import- 

14  ing  and    exporting,  telegraph,  express,  railroad,  manufacturing, 
\o  dry  dock,  or  other  joint  stock  company  of  any  description,  whether 

16  incorporated  or  not,  twenty-five  per  cent,  on  such  excess. 

17  IV.  From  the    taxes    imposed    on  profits    under  this  section, 

18  shall  be  deducted  the  amount  of  tax  on  incomes  assessed  and  col- 

19  lected  on  such  profits,  under  the  act,  to  which  this  is  additional, 

20  of  the  24th  of  April,  1SG3. 

1  Sec.  5.  The  taxation  of  certain  articles  of  property  at  a  higher 

2  rate  when    held  or  owned  by  other  than    the  producer,  grocer  or 
J  manufacturer,  shall  not   be  construed  to  relieve  such  property 

4  from  the  tax  of  twenty-five  per  cent,  on  ics  value,  when  held  or 

5  owned  by  the  producer,  grocer  or  manufacturer. 


1  Sec.  6.  The  following   exemptions  i'voui   taxations,  under  this 

2  act,  shall  be  allowed,  to  wit : 

3  I.  Property  of  each  head  of  a  family  to  the  value  of  five  hun- 

4  dred  dollars,  and  for  each  minor  child  living  in  the  family  to  the 
o  further  value  of  one  hundred  dollars,  and  for  each  son  actually 
G  engaged  in  the  army  or  navy,  or  who  has  died  or  been  killed  in 

7  the  military  or  naval  service,  and  avIio  was  a  member  of  the  family 

8  when  he  entered  the  service,  to  the  further  value  of  five  hundred 

9  dollars. 

10  II.  Property  of  the  widow    of  any  officer,  soldier,    sailor   or 

11  marine,  who  may  have  died  or  been  killed  in  the  military  or  naval 

12  service,  or    where  there    is  no  widow,  then  of  the   family,  being 

13  minor  children,  to  the  value  of  two  thousand  dollars. 

14  III.   Property  of  every    officer,  soldier,  sailor  or  marine,  ac- 

15  tually  engaged  in  the  military  or  naval  service,  to  the  value  of 

1 6  two  thousand  dollars. 

1 7  IV.  The  property  of  the  States  of  the  Confederacy,  and  of  mu- 

18  nicipal   corporations  held  for  public  purposes,  and  the  property } 

19  incomes  and   money  of  hospitals,  asylums,    churches,    schools, 
80  academies  and  colleges. 

1  Sec.  7.  The  taxes  laid  for  the  year  1864  shall  be  deemed  due 

2  from  the  passage  of  this  act,  and  be  assessed  and  collected  by  the 

3  1st  of  May  next,  or  as  soon  after  as  practicable,  allowing  an  ex- 
^4  tension  of  sixty  days  west  of  the  Mississippi  river,  except  such 


(i 

5  as  may  accrue  on  incomes  and  profits  after  that  time,  which  shall 

6  be  due  and  payable  after  the  31st  of  December  next. 

1  Sf.c.  8.  So  much  of  the  tax  act  of  the  24th  of   April,  1563,  as 

2  levies  a  tax  on  incomes  derived  from  property  or  effects  on  which 
S  an  ad  valorem  tax  is  levid  by  this  act,  and  also  the  first  section  of 
4  said  act,  are  suspended  for  the  year  1864. 


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